Submitted

ABC and dick clark productions have extended
their broadcast agreements for the "American Music Awards" for nine years, and
"Dick Clark's New Year's Rockin Eve with Ryan Seacrest" for 10 years.

This
announcement comes on the heels of the recent ratings success of both
specials. The 2013 "American Music Awards" surged 39 percent, attracting
the show's second biggest overall audience in 11 years with 13.1 million viewers. The
show also spiked 86 percent with Teens 12-17 to score a nine-year
high. "Dick Clark's New Year's Rockin' Eve with Ryan Seacrest" 2014
delivered its largest audience since 2000, attracting an average audience of
22.8 million viewers.

"We're thrilled to extend our partnership with
dick clark productions," said ABC's Paul Lee. "They have been a member of our
family for many years, and these specials are key to our network's success."

"We are delighted to remain at ABC, the home of
many of dcp's franchise events. Both the AMAs and NYRE continue to exhibit
tremendous growth year to year," said Allen Shapiro, CEO of dick clark
productions.

"We enjoy a tremendous relationship with ABC,
which has resulted in significant ratings growth in both events, and
trendsetting breakthroughs in our approach," said Mike Mahan, president of dick
clark productions. "We are happy the relationship between ABC and dcp will
continue for many years to come"

As previously announced in October, Seacrest has
extended his deal to continue to host and executive produce "Dick Clark's New
Year's Rockin' Eve with Ryan Seacrest." His deal runs through 2017.

In addition to "Dick Clark's New Year's Rockin'
Eve with Ryan Seacrest" and the "American Music Awards," ABC and dick clark
productions will come together in 2014 to premiere the new Keshet dcp weekly
singing competition "Rising Star," as well as their first-time collaboration on
the "2014 Billboard Music Awards."